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Corning Credit Union acquires Tower Bank branch

Updated:
01/07/2013 09:31:13 PM EST

By MARCUS RAUHUT

@MarcusRauhutPO

Corning Credit Union has purchased the former Tower Bank branch on Norland Avenue.

Jason Bierman, vice president and chief administrative officer for the credit union, said the timing of the building's availability, its size and central location all contributed to the decision to make the purchase.

"This purchase fits perfectly with our long-term business strategy, and with our commitment to serving our current and future members in the Franklin County area," Bierman said. "We're excited about the opportunities to provide greater service and convenience for our members that this space presents."

A Corning spokesperson said the new location will be a full-service branch.

"We are still evaluating our business needs in the Chambersburg market, so exact future plans and timeline are still being determined; however, we do plan to close our Wayne Avenue branch when the Norland Avenue branch opens," said Stephanie Carl, supervisor of marketing, public relations and governmental affairs. "The timing of this is still to be determined. We are committed to continuing to grow our presence in this market to best serve the needs of our existing and future members."

Tower Bank built the branch on Norland Avenue in 2010 but closed it two years later as part of the merger with Susquehanna Bank.

Corning purchased the property for $850,000 according to a deed recently recorded in the Franklin County Courthouse.

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The credit union originally came to the area to serve employees of Corning Glass Works in Greencastle - now World Kitchen.

It has grown since then, acquiring an office in Chambersburg last year following the merger with American Community Federal Credit Union.

Corning has more than 84,000 members and also has branches in New York and North Carolina, with headquarters in New York.

Membership with Corning Credit Union is open to anyone who lives, works, worships, or attends school in Franklin County. New members can join online, by phone, or in person at any branch.

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Marcus Rauhut can be reached at mrauhut@publicopinionnews.com and 262-4752, or follow him on Twitter @MarcusRauhutPO.

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